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OpenAirlines is a software company based in Toulouse, which has just raised approximately €45 million in its recent round of funding. The company is in the business of developing digital solutions meant for environmental performance management, having as the star product its flagship SkyBreathe, which is designed to help airlines gain momentum and save fuel and CO2 during the flight cycle.
SkyBreathe is a SaaS that derives its power from the latest machine learning and AI data to analyze more than 15 million flights. The system gives pilots and ground crew workers very insightful information in order to help them in their decision-making, which leads to a dramatic reduction in the use of fuel. Airline operators enjoy the savings of between 3 per cent and 5 per cent in fuel consumption per flight, while the return on investment-ROI-is 10 to 15 times higher than the initial investment.
Already more than 70 airlines from around the world use SkyBreathe, among them market leaders such as Air France, Korean Air, EasyJet, JetBlue, flyDubai, Indigo, and DHL. In 2024, OpenAirlines reached EUR 10 million of annual recurring revenue (ARR), which kept on consolidating its position in the field of aviation sustainability.
Fresh capital will give OpenAirlines the opportunity to further boost its technology and services. Alexandre Feray, the chief executive of OpenAirlines, said the firm was now perfectly positioned to scale up in its operations and make strategic acquisitions. The acquisitions will enable the company to widen its product line and ramp up its capacity in order to help airlines work toward their goals of sustainability.
This would be the kind of technology integration at all airlines’ operational levels, Feray maintained. “We have already integrated our technology with the cockpit,” he said. “Our goal now is to bring together all business areas towards a shared vision: efficiency in operations coupled with environmental responsibility for building a more sustainable aviation industry.”
This funding round focused on sustainable investments, led by Eiffel Investment Group via its Eiffel Essentiel fund. Mirova, the affiliate of Natixis Investment Managers dedicated to sustainable investment solutions, also participated in this round. Other potential investors are expected to join the investment consortium by the end of 2024 with the participation of the Caisse de Retraite du Personnel Navigant Professionnel de l’Aéronautique Civile.
Céline André, Eiffel Essentiel fund director, explained OpenAirlines’ unique market position: “OpenAirlines is the only company offering airlines the precise tools they need to act immediately on reducing their carbon footprint,” she said. “Their innovative technology enables airlines to make a tangible difference in their sustainability efforts while simultaneously improving operational efficiency.”
Aviators are feeling the pressure to reduce its environmental footprint- fuel consumption and CO₂ emissions would be the flagship targets for the aviation industry. SkyBreathe is part of a larger effort to drive innovation in the sector, helping airlines meet ambitious sustainability targets while simultaneously improving their bottom lines. In line with this, OpenAirlines is not only addressing the immediate needs of the airline industry but is also paving the way for long-term environmental responsibility within the sector.
With these new funds, OpenAirlines is now positioned well to grow quickly in the global aviation market as influence and reach are extended into the years ahead. Its pioneering approach to greening air travel – or reducing carbon footprint – will remain strongly on track to play a key role in the shaping of future aviation markets, aligning operational performance with environmental sustainability.
With the airline industry striving for a greener future, OpenAirlines stands at the frontier to push for clearer skies: it equips airlines with the tools of a great reduction in their environmental footprint and helps build a more sustainable future for air travel.
